Posted by Maurice (Ca) on May 27, 1999 at 12:53:07:
If the ARV you mentioned here is accurate, then it’s time to PARTY. This is one of those rare deals where the offering price is at or below MAO. Again, I would just double check the ARV. But the one thing I found out through experience, is that sometimes the realtor’s comps are a little bit on the high side. But if you found similar properties in the neighborhood that recently sold that supports that figure, then go for it. Sounds like a great opportunity here for you to make a good profit.
As Jim mentioned, never pay MAO, but in this case, MAO is actually higher than the listed price.
Again, just my thoughts…
p.s. again, the realtor is getting a commission…it’s her job, however if you want to pay her more money, then that’s on you.